Guideline Value for AMMAN KOIL STREET (WARD-20)

Amman Koil Street (Ward-20) guideline value

The current guideline value of Amman Koil Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Potheri village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Amman Koil Street (Ward-20) has changed

Over the years, the guideline value of Amman Koil Street has experienced several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 800 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 880 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Amman Koil Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value for the area is Rs 770 per sq.ft, placing Amman Koil Street's 2024 figure above this median.

• Ambedkar Street (Ward -20): Rs 880 per sq.ft (2024)
• Ambedkar Street (Ward -1): Rs 660 per sq.ft (2024)
• Ambedkar Street Thailavaram (Ward-21): Rs 660 per sq.ft (2024)
• Annai Indra Street (Ward-21): Rs 660 per sq.ft (2024)
• Annai Therasha Street (Ward-20): Rs 880 per sq.ft (2024)
• Anna Street Potheri (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Koil Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600. Together, these fees total Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Koil Street (Ward-20)?

The Sub Registrar Office that covers Amman Koil Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Potheri

The guideline value is a crucial factor in property transactions in Potheri, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on a standard valuation rather than fluctuating market prices.

At the time of registration, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Amman Koil Street (Ward-20)?

The current guideline value of Amman Koil Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What are the other streets in Potheri with their guideline values?

Other streets in Potheri include Ambedkar Street (Ward -20) and Annai Therasha Street (Ward-20), both valued at Rs 880 per sq.ft in 2024, while Ambedkar Street (Ward -1) and Annai Indra Street (Ward-21) are valued at Rs 660 per sq.ft.

What is the registration fee for property in Amman Koil Street (Ward-20)?

The registration fee for property in Amman Koil Street (Ward-20) is calculated based on the guideline value. For a 1,000 sq.ft plot at Rs 880 per sq.ft, the registration fee would be Rs 17,600.

Which office handles registrations for Amman Koil Street (Ward-20)?

The Chengleput Joint II Sub Registrar Office handles registrations for Amman Koil Street (Ward-20), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.